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Ascendis affairs grew by 80% in first quarter, 2022, highest level in company history

Wednesday, August 10, 2022


The incomes of Ascendis group reached 4.25 million euros in the first 6 months, 2022, marking a record level in the 25 year history of the company. The large demand for training programs and team building events were the main growth factors.   Ascendis group, the leader of the training and consulting market in the field of ...

Alpha Bank Romania’s profit increased by 71,7% in the first semester

Wednesday, August 10, 2022

Alpha Bank Romania reported in the first quarter of the year a profit before taxation of 18.2 million euro, up by 71.7 against the similar period of last year, while the operational profit was 17.6 million euro, up by 53%.   The network of multifunctional ATMs 24/7 Banking was extended in almost 90% of the units (against 50% covering level at the end of June 2021), improving access of the clients to ...

Cargus Mobile App has over 300,000 downloads and an average monthly growth rate above 50%

Wednesday, August 10, 2022

In 8 months since its launch, Cargus Mobile has over 300,000 downloads from Google Play and App Store, being one of the most used business applications in Romania. More than 60,000 users have accessed the app at least once in the last 30 days (July), up 15% from the previous period. 95% of users use all the functionalities of the ...

Company strike-offs in Romania increase by almost 9% during first semester

Wednesday, August 10, 2022

The number of companies stricken off in Romania nationwide increased by 8.77% in the first 6 months of 2022, as against the same period in 2021, to 35,420 strike-offs, according to statistics with the National Companies Registry Office (ONRC).Most strike-offs were recorded in Bucharest - 5,607 (up 8.81% against January-June 2021) and in the counties of Timis - 1,605 (up 4.15%), Constanta - 1,584 (up 14.12%) and Cluj - 1,564 (up 10.92%).On the ...

Bucharest Stock Exchange and Depozitarul Central launch the online Investors Enrollment Platform

Wednesday, August 10, 2022

Bucharest Stock Exchange (BVB) and Depozitarul Central continue the ...

Competition Council analyzes takeover of Be Shaping the future by Engineering Ingegneria Informatica

Wednesday, August 10, 2022

The Competition Council is analyzing the transaction through which Engineering Ingegneria Informatica S.p.A. intends to take over the majority share package in Be Shaping The Future S.p.A., informs the institution on Friday.Engineering Ingegneria Informatica S.p.A. is an Italian provider of IT services for various industries, operating almost exclusively in Italy. The company is controlled by Bain Capital and Neuberger Berman Group.Be Shaping the ...

Trade Register Office: 76,962 individuals, companies register in H1 2022

Wednesday, August 10, 2022

The number of registrations of natural and legal persons decreased in the first half of this year by 3.48%, compared to the similar period in 2021, to 76,962, of which 57,808 are limited liability companies (SRL), according to data centralized by the National Trade Registry Office (ONRC).The most registrations were registered in the Municipality of Bucharest, respectively 14,082 (plus 16.56%, compared to January-June 2021), and in the Cluj - 4,829 (plus ...

Telekom Romania Mobile in Q2 2022: positive trend continues

Wednesday, August 10, 2022


  EBITDA growth for 6 consecutive quarters - 105.5% EBITDA growth yoy; 165% EBITDA growth for H1 2022 compared to H1 2021; Q2 2022 revenues up 4.9% yoy; Customer base up 11.3% yoy – both contracts and prepaid subscribers’ numbers have increased; FCF growth ...

Veeam named by Gartner as a Magic Quadrant Leader and positioned Highest in Ability to Execute? three years in a row

Wednesday, August 10, 2022


Veeam® Software, the leader in backup, recovery and data management solutions that deliver Modern Data ...

Over 3,400 companies and PFAs become insolvent in first six months of 2022

Wednesday, August 10, 2022

 The number of commercial companies and authorized natural persons (PFA) having become insolvent increased by 11.9% in the first six months of 2022, compared to the same period last year, with 3,417 insolvencies being registered, according to the data published on the website of the National Trade Register Office (ONRC).Most companies and PFAs having filed become insolvent were registered in Bucharest, respectively 599, down by 0.83% compared to the first six ...

PepsiCo will own 20% of Aqua Carpatica shares

Wednesday, August 3, 2022


The American giant PepsiCo Inc started a strategic accord with Aqua Carpatica, premium Romanian spring water, by which PepsiCo will own 20% of Aqua Carpatica shares. According to the accord, PepsiCo will have the right to distribute spring water in Romania and Poland, with possibilities to expand to other markets, the US included.   Aqua Carpatica is a brand created by the Swiss-Greek entrepreneur Jean ...

Competition Council approves transaction by which Romcim takes over Simbeton

Wednesday, August 3, 2022

The Competition Council announced it approved the transaction by which cement producer Romcim took over the company Simbeton. The decision will be made public when data with confidential character will be eliminated.   “Following the analysis, the Competition Council found out the operation did not raise significant obstacles for effective competition in the Romanian market or a substantial part of ...

Electromontaj takes over 82.68% of Electrotehnica Electric Equipment shares

Wednesday, August 3, 2022

Electromontaj, a player in the energetic construction market in Romania, announced the conclusion of a transaction taking over the majority package (82.68% of company shares) of Electrotehnica Electric Equipment, the oldest Romanian manufacturer of electric equipment, transformers and coils.   Electrotehnica designs and manufactures equipment for various technological applications, of high complexity, ...

AROBS Transilvania Software acquires custom software producers Nordlogic

Wednesday, August 3, 2022

AROBS, the largest tech company listed on the Bucharest Stock Exchange (BVB), purchased Nordlogic, a local group of companies specialized in the development of custom software products and platforms.   Nordlogic has offices in Cluj, Oradea, and Seattle, and will now be integrating its more than 60 programmers, developers, and testers into the AROBS Group, which will consolidate its presence in ...

Carrefour, Metro bet on proximity stores in Romania

Wednesday, August 3, 2022

French retailer Carrefour reached 120 stores nationwide in Romania after opening twelve new Express stores in the first half of 2022. Meanwhile, Metro’s La doi Pasi chain is 1,800 stores strong, mainly in rural and suburban areas, but with plans to expand the cities as ...

Dan Sucu, owner of Mobexpert, to take over Mediafax Group

Wednesday, August 3, 2022

Dan Sucu, the owner of Mobexpert furniture producer and retailer and the main shareholder of the Rapid Bucharest football team, completed the purchase of a claim with a nominal value of EUR 11.7 mln against Adrian Sarbu's Mediafax ...

Profit of BCR Group up 50% YoY in H1

Wednesday, August 3, 2022

BCR Group achieved a net profit of RON 1.04 bln (EUR 211 mln) in H1 2022, up by 50.9% against H1 2021, driven by improved operating results underpinned by continued strong loan growth.   This was achieved despite stronger provisioning aimed at mitigating the risk faced by certain industries in the given context. Net loans and advances to customers increased by 10.0% YoY to RON 52.6 bln (EUR 10.64 bln) as of 30 June ...

Iulius Group buys precast concrete manufacturer

Wednesday, August 3, 2022

Iulius Group, the largest Romanian owner of modern shopping centres, purchased 95% of the precast concrete manufacturer Build Corp Prefabricate ...

More than 3,500 companies go into insolvency in first six months of 2022

Wednesday, July 27, 2022

More than 3,500 companies went into insolvency in the first half of 2022 in Romania, the processing industry and constructions being the most affected areas, according to an analysis carried out by the leader of the insolvency and restructuring market CITR.The construction sector is significantly affected by the increase in the price of building materials and fuel, the increase in interest rates and the lack of manpower, while the processing industry is influenced by the ...

Cupru Min to receive over 43 million RON for investments

Wednesday, July 27, 2022


The Cupru Min company will receive over 43 million RON for investments, said the Minister of Economy, Florin Spataru, on Sunday, who was on a work visit to this company which is subordinated to the Ministry of Economy."Today we can see the results of the visit I paid to Cupru Min, 4 months ago, when I spoke with the company's leadership about the need of investments in technology, as well as about works for raising the tailings pond dam. Over 43 million RON will be ...

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